Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
C Corporation Taxation. The most significant difference between a C corp and an S corp is the method of taxation. A C corporation is a distinct taxable entity. That means the corporation itself pays taxes on its net income.If shareholders want to get money out of a C corp, it must be done by issuing dividends.he most significant difference between a C corp and an S corp is the method of taxation. A C corporation is a distinct taxable entity. That means the corporation itself pays taxes on its net income.